YAP: Secures $41 million
- YAP is an innovative digital banking app providing you with intelligent tools that give you total control of your finances
- A digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding
- It will use the funds to expand the business into Saudi Arabia, Egypt, Pakistan, and Ghana, Chief Executive
- Partnered with Emirati lender RAK Bank to be the UAE’s first independent digital banking platform
- It has partnered with Bank AlJazira (1020. SE) in Saudi Arabia, where it will soft-launch in October before going fully live
- Plans to launch by the end of the year in Pakistan and Ghana, where its services are at present being piloted
